I have a law degree.
Anyone who owns this company and does not intend to pay or cannot pay the two final installments should obtain legal advice.
And by legal advice I don't mean 'bush' lawyers on Hotcopper, what a friend of your mate said or anyone else with 6 degrees of seperation.
Send the 200$ it's going to take and get this looked at properly. To not do so is absolutely foolish.
From the little I have personally looked in to it, the CA would seem to cover the field here - I think s.588 operates. But that means nothing because I just posted it on a website, who knows what vested interests I might have behind my advice.
The only way you will get advice in YOUR best interest is hiring a lawyer to look at it.
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